Wednesday, 72000 is definitely not the bottom. Continue shorting on the rebound.

It's not just bullish market fluctuations that are large; bear markets are the same, with daily swings of tens of thousands of points. Bitcoin was pushed down to around 72800 in the early morning, then stopped falling and rebounded. The decline was fast, and the rise was also quick. Big ups and downs mainly kill high leverage traders. 72000 is definitely not the bottom of this decline. In a bull market, there’s no top to speak of; in a bear market, there’s no bottom to speak of. It’s that simple.

The target price is around 76500. The rebound after a sharp drop is a normal correction. If this market doesn’t regain the 86500-90000 range, it’s hard to say that a trend reversal has occurred. In any case, the main idea is to follow the trend and “short.” The best time to buy the dip will be when they announce the next rate cut in mid-year.

Bitcoin and Ethereum are both lightly shorted, with reserved positions for adding. The target is below today’s low of 72000/2100. Expect daytime range-bound trading, with volume increasing in the evening. Just wait for the waterfall! #加密市场隔夜V型震荡